US and Iran announce deal to end military operations

Iranian state media is reporting what is says are the draft details of a 14-point memorandum of understanding between the US and Iran. The specific points have not been officially confirmed by either country. Mehr News Agency, a semi-official Iranian state news outlet, says the points include: A permanent ceasefire on all fronts, including Lebanon US commitment not to interfere with Iran's internal affairs Lifting of US naval blockade within 30 days US withdrawal of forces from Iran Reopening the Strait of Hormuz within 30 days "under Iranian arrangements" The US and its allies delivering reconstruction plans for Iran worth at least $300bn Ending sanctions on Iranian oil and energy products Reiteration of Iran's commitment not to produce nuclear weapons US commitment not to increase its forces in the region and not impose new sanctions Mehr also reported that "final negotiations will not begin before half of Iran's frozen funds are released, Iran's oil sanctions are suspended, and the naval blockade is lifted".

It said the final agreement would be approved by a UN Security Council resolution. Iranian state media is reporting what is says are the draft details of a 14-point memorandum of understanding between the US and Iran. The specific points have not been officially confirmed by either country.

Mehr News Agency, a semi-official Iranian state news outlet, says the points include: A permanent ceasefire on all fronts, including Lebanon US commitment not to interfere with Iran's internal affairs Lifting of US naval blockade within 30 days US withdrawal of forces from Iran Reopening the Strait of Hormuz within 30 days "under Iranian arrangements" The US and its allies delivering reconstruction plans for Iran worth at least $300bn Ending sanctions on Iranian oil and energy products Reiteration of Iran's commitment not to produce nuclear weapons US commitment not to increase its forces in the region and not impose new sanctions Mehr also reported that "final negotiations will not begin before half of Iran's frozen funds are released, Iran's oil sanctions are suspended, and the naval blockade is lifted".It said the final agreement would be approved by a UN Security Council resolution. close panelShare pageCopy linkAbout sharing In a joint statement about the deal, the leaders of the UK, France, Germany and Italy say they will work closely with the US, Iran and regional partners to "seize this moment".

"We congratulate the United States, the Iranian government and all those involved, including Pakistan, Qatar and all other mediators, on this diplomatic breakthrough," the group, known as the E4, says.“This is a moment of opportunity to restore regional stability and stabilise the global economy." The leaders called for the agreement to be "implemented rapidly and comprehensively" and that the "urgent reopening of the Strait of Hormuz with unconditional and unrestricted freedom of navigation is essential".

The group emphasised that Iran "must never acquire a nuclear weapon" and that they are "prepared to lift relevant sanctions in response to clear, verifiable steps by Iran on its nuclear programme".“We will work intensively with the US, Iran and regional partners to seize this moment, maintain momentum and achieve a long-term diplomatic settlement."The leaders also reaffirm their support to the "stability, sovereignty and territorial integrity of Lebanon".

In a joint statement about the deal, the leaders of the UK, France, Germany and Italy say they will work closely with the US, Iran and regional partners to "seize this moment". "We congratulate the United States, the Iranian government and all those involved, including Pakistan, Qatar and all other mediators, on this diplomatic breakthrough," the group, known as the E4, says.“This is a moment of opportunity to restore regional stability and stabilise the global economy."

The leaders called for the agreement to be "implemented rapidly and comprehensively" and that the "urgent reopening of the Strait of Hormuz with unconditional and unrestricted freedom of navigation is essential".The group emphasised that Iran "must never acquire a nuclear weapon" and that they are "prepared to lift relevant sanctions in response to clear, verifiable steps by Iran on its nuclear programme".“We will work intensively with the US, Iran and regional partners to seize this moment, maintain momentum and achieve a long-term diplomatic settlement."

The leaders also reaffirm their support to the "stability, sovereignty and territorial integrity of Lebanon". close panelShare pageCopy linkAbout sharing Jonathan JosephsBBC business reporter Donald Trump's post suggests that the Strait of Hormuz will reopen as part of what has been agreed with Iran.It’s a vital waterway for global trade - before the conflict 20% of oil and gas supplies flowed through the Strait.

But it's likely to take some time before maritime traffic returns to pre-war levels because shipping companies will want to see that the